New Board of Directors Members and Baker Hughes Rig Count

Published: Mon, 10/31/22

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IADD Update

Thank you to everyone who attended the Drilling Towards Performance monthly luncheon last week! We had some excellent discussion, feedback, and idea of what we want to see in 2023.

If you missed the meeting, you can stay updated by following us on social media or checking our calendar of events.

We are looking forward to seeing you throughout this next year!

IADD Board of Directors

Steve Krase

Steve Krase is the co-founder and current CEO of Hephae Energy Technology. Steve has a 42 year career in the Energy Industry. Welcome to the team!

Farhod Hamidov

Farhod is currently working for BICO Drilling Tools, Inc. – Schoeller Bleckmann Company in a business development role. He brings extensive knowledge of global business dynamics and markets and conducted business in various global regions. Welcome to the team!

Join us for the IADD Annual Sporting Clays Tournament on Friday, December 2nd. The event will last all day, from 7:30 am to 2:00 pm. We hope to see you there!

IADD Corporate Sponsors

Industry News

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Technology & Innovation

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Baker Hughes Rig Count

For last week:

U.S. Rig Count is up 19 from last week to 768 with oil rigs down 2 to 610, gas rigs down 1 to 156, and miscellaneous rigs unchanged at 2.
U.S. Rig Count is up 224 rigs from last year’s count of 544 with oil rigs up 166, gas rigs up 56, and miscellaneous up 2.
U.S. Offshore Rig Count is down 1 to 14, up 1 year-over-year.

For last month:

International Rig Count is up 19 rigs from last month to 879 with land rigs up 10 to 660, offshore rights up 9 to 219.
The average U.S. Rig Count for September was 763 down 1 from last month’s count of 764 and up 255 year-over-year.
The Worldwide Rig Count for September was 1,853, up 28 from the 1,825 counted in August 2022, and up 405 from the 1,448 counted in September 2021.

Additional information on the Baker-Hughes Rig Count is available on their website, at https://bakerhughes.com/rig-count-overview.